Postmedia Network Canada Corp. reported unaudited consolidated earnings results for the first quarter ended November 30, 2017. Total revenue for the quarter was $189.0 million as compared to $210.8 million in the same period in the prior year, a decrease of $21.8 million or 10.3%. The revenue decline was primarily due to decreases in print advertising revenue of $19.9 million or 17.9% and decreases in print circulation revenue of $3.8 million or 6.1%. Operating income before depreciation, amortization, impairment and restructuring of $23.9 million in the quarter represents an increase of $4.2 million or 21.2% relative to the same period in the prior year. The increase is due to operating cost savings related to cost saving initiatives, partially offset by a decrease in total revenues. Operating income was $8.263 million against loss of $48.376 million a year ago. Net earnings from continuing operations were $5.773 million or $0.06 per basic and diluted share against $15.750 million or $0.10 per basic and diluted share a year ago. Net earnings in the quarter ended November 30, 2017 was $5.8 million or $0.06 per basic and diluted share, as compared to $17.8 million or $0.11 per basic and diluted share in the same period in the prior year. The change was primarily the result of a gain on debt settlement and impairments in the three months ended November 30, 2016 as well as a decrease in restructuring expense. Cash flows used in operating activities was $2.458 million against $37.919 million a year ago. Purchases of property and equipment were $0.149 million against $0.879 million a year ago. Purchases of intangible assets were $0.239 million against $0.374 million a year ago.